ALMEDIO INC., First Half Ordinary Profit Decreases by 41%

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Fri Nov 1, 2024 3:00 pm JST Earnings

7859 ALMEDIO INC. 【J-GAAP】

Earnings Report

ALMEDIO INC. <7859> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.0% from the same period last year to 624 million yen. The progress rate against the 1.17 billion yen full-year plan was 53.0%, also surpassing the five-year average of 40.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 76.8% from the same period last year to 553 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 35 million yen, a 96.0% decrease compared to the same period last year. The operating profit margin sharply declined from 33.4% in the same period last year to 6.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	2,723	364	407	262	15.1	71.5	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	3,840	997	1,058	716	38.6	30.7	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	3,294	629	624	361	17.5	53.0	Nov 1, 2024	J-GAAP
YoY	-14.2%	-36.9%	-41.0%	-49.6%	-54.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	3,294	629	624	361	17.5	0	Nov 1, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,717	2,367	2,385	1,612	85.5	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,903	555	553	430	20.8	0	Nov 1, 2024	J-GAAP
YoY	-49.4%	-76.6%	-76.8%	-73.3%	-75.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,940	535	569	164	9.2	0	May 12, 2023	J-GAAP
Mar, 2024	11,557	3,364	3,443	2,328	123.4	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,197	1,184	1,177	791	38.2	0	May 14, 2024	J-GAAP
YoY	-37.7%	-64.8%	-65.8%	-66.0%	-69.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,556	853	866	597	32.2	33.4	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	4,534	1,475	1,447	1,113	59.9	32.5	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	3,183	892	938	499	26.5	28.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,007	545	589	428	20.7	27.2	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	1,287	84	35	-67	-3.2	6.5	Nov 1, 2024	J-GAAP
YoY	-49.6%	-90.2%	-96.0%	－	－